3 Landed Housing Development Sites for Sale by Tender

19 August 2009

Savills Singapore is pleased to announce the launch for sale by tender of 3 landed housing development sites.

The 3 sites are located on Cranborne, Wareham and Lornie Roads. Cranborne Road and Wareham Road are located in District 15 while Lornie Road is within District 11. All 3 sites are currently owned by a single private investment company. We would like to invite interested prospects to submit their bids for either for 1, 2 or all 3 sites.

District 15 – Cranborne and Wareham RoadsThe Cranborne Road and Wareham Road sites are located within one of District 15's most prestigious landed housing estates. Some of the other established landed property addresses in the same estate include Goodman, Wilkinson, Bournemouth and Crescent Roads. Both properties are located just minutes drive from the Central Business District via Nicoll Highway or the East Coast Parkway. Nearby amenities include popular Katong eateries located along East Coast Road, Parkway Parade, Kallang Leisure Park and the upcoming Sports Hub in Kallang. The sites are within minutes stroll to the Geylang River promenade and open garden parks located within the vicinity. Prominent landed projects in the vicinity includes SC Global's The Five Legends – a bungalow project on the former Chan’s Ville site along Mountbatten Road.

No. 4 Cranborne Road- Land area is about 992 sq.m. or approximately 10,673 sq. ft.- Master Plan 2008 zoning '2-storey Bungalow'- Site has receive Written Permission from URA for 4 strata detached dwelling houses- Alternatively, the site is ideal for a pair of conventional bungalows- It is located on a quiet cul-de-sac with the Geylang River promenade just a minutes’ stroll away

No. 7 Wareham Road- Land area is about 695 sq.m or approximately 7,478 sq. ft.- Master Plan 2008 zoning ' 2-storey Semi-Detached’- Site has received Written Permission from URA for 2 pairs of strata semi-detached dwelling houses- Alternatively, the site is ideal for a pair of conventional semi-detached houses

District 11 – Lornie RoadThe site comprising 16D Lornie Road and adjoining land is located close to the Singapore Island Country Club's Bukit Course. Some of the amenities nearby include Cluny Court, Coronation Plaza, Botanical Gardens and the MacRitchie Reservoir Nature Reserve which are mere minutes drive way.

Orchard Road and Holland Village is also a mere 10 minutes drive away. Clydesbuillt Group's Lornie 18 cluster bungalow project is located next door.

- Land area is 1,114.4 sqm or approximately 11,995 sq. ft.- Master Plan 2008 zoning '2-storey Semi-Detached’- Site has received a Provisional Planning approval for 5 strata detached dwelling houses- Alternatively, the site is suited for a pair of conventional bungalows- It is located on a quiet cul-de-sac with full views of greenery

"This is a rare opportunity for a boutique developer to gain access into a well-diversified prime landed land bank in a single purchase," said Steven Ming, Director of Investment Sales for Savills Singapore.

"Many developers are looking to land bank again after having sold down a fair bit of their existing inventory. Hence, we expect a strong level of interest for these sites as it will be popular amongst boutique developers and contractors given the scarce availability of development sites for sale. Wealthy families who are looking to build houses for multi-family use will also find these prime sites appealing," added Steven.